Zavation, A Gemspring Capital Portfolio Company, Acquires Corelink

Zavation Medical Products, LLC ("Zavation"), an innovative designer and manufacturer of spinal implant, interventional spine and biologics products and a portfolio company of Gemspring Capital ("Gemspring"), today announced that it has acquired CoreLink, LLC ("CoreLink"), a leading, vertically-integrated provider of spinal implant and instrumentation systems, from The Stephens Group, LLC. The transaction combines two market-leading businesses that share a common foundation of engineering unique spinal solutions, providing unparalleled service and enhancing the quality of life for patients around the world. Zavation and CoreLink will continue to operate under their respective brands and the combined business will be led by Zavation CEO Jeffrey Johnson, while Jay Bartling, CEO of CoreLink, will become Chairman of the Board of Directors. The Stephens Group will maintain a minority stake in the combined entity. Financial terms were not disclosed.